Why life insurance
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Many people want to do as much with their money as possible — whether they’re hoping to buy a family home, help their kids pay for college or create generational wealth that could benefit their loved ones for years to come.
For many of these people, sustainable investing is another appealing option. Why? Because if you add sustainable investments to your portfolio — whether you’re saving for retirement or saving for a down payment — you have the opportunity to benefit not only yourself and your family, but also the planet. The plants, animals, and people that contribute to our ecology and make our natural world habitable.
That’s why we asked Claire Smith, founder of the humane investment platform Beyond Investing, how to get started with sustainable investments. We also asked her how sustainable investing differs from ESG investing, what kind of financial returns you can expect from sustainable investments and why you should consider adding sustainable investments to your portfolio.
“Sustainable investing is investing for humanity,” says Smith, “for the aim of bringing about a cleaner, healthier world.”
By choosing sustainable funds, you’re putting your money where it really matters — towards companies that are committed to addressing large-scale problems like climate change. Your portfolio might include investments in clean energy, for example, or alternative meat products. Your money might also support corporations that are working towards ending hunger or providing affordable housing.
“You’re investing in companies that are providing solutions,” Smith explains — and those solutions are likely to offer dividends that go far beyond what you might see in your portfolio.
Sustainable agriculture, for example. Responsible land use. Biodiversity. Reforestation. Clean water for all.
Life insurance is a financial safety net for your partner, your kids, your life...Read more
Many people are already familiar with ESG investing or impact investing, and may have added ESG funds into their investment portfolios — but not everybody understands how ESG investing and sustainable investing differ.
“ESG investing is broader than sustainable investing,” Smith told us. ESG stands for environmental, social, and (corporate) governance, after all. And while social and corporate governance might be important factors in your investment decisions, only one of those factors has a direct effect on the planet.
“Governance is really about running businesses correctly, with the appropriate checks and balances,” says Smith. “That has more to do with ethics than sustainability.” The social justice goals associated with ESG investing may occasionally overlap with the goals of sustainable investing — preventing a small community of native farmers, for example, from being displaced by a large foreign corporation — but the only aspect of ESG investing that is guaranteed to be sustainable is the environmental aspect.
“The environmental aspect of ESG is closest related to sustainability,” Smith explains. “The activity of running the business without depleting natural resources in a way that they can’t be recovered.”
While some ethical investments can make sustainable investment strategies, the best way to invest sustainably is by looking for companies that are actively working towards fuel switching, biomass energy sources, renewable agriculture, permaculture and other long-term solutions to the biggest issues facing our planet.
The stock market is unusually volatile right now — but that doesn’t mean that a sustainable investment won’t pay off over the long term. “Some investments come with higher risk,” Smith explains, “but they also potentially offer higher returns.”
Sustainable investments may become even more rewarding in the near future. As the sustainable sector grows, more people will be able to put their money towards the companies and causes they value — which could cause the value of those investments to go up.
“We offer a US Vegan Climate ETF,” Smith told us, “that rapidly outperformed the market during its first year of launch.” (Of course, as the case with any investing, past performance is no guarantee of future performance.)
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If you want to get started with sustainable investing, you have three options. You can work with a brokerage or roboadvisor to identify sustainable investments. You can look for publicly-traded companies doing sustainable work. You can also search for organizations like Beyond Investing, Adasina or Impax Asset Management, all of which offer stocks, ETFs or index funds that you can add to your portfolio.
As you become familiar with the different types of sustainable investments out there, consider broadening your investing strategy to include other types of socially responsible investing, such as investments that benefit Indigenous communities. One of the best ways to support the planet is by supporting the people who are currently doing sustainable work — and by investing in companies and communities that are providing solutions to unsustainable problems, your money could go not only towards your own financial future, but also the future of generations to come.
Nicole Dieker has been a full-time freelance writer since 2012, with a focus on personal finance and habit formation. In addition to Haven Life, her work regularly appears at Lifehacker, Bankrate, CreditCards.com, and Vox. Dieker spent five years as a writer and editor for The Billfold, a personal finance blog where people had honest conversations about money, and is the author of Frugal and the Beast: And Other Financial Fairy Tales.Read more by Nicole Dieker
Haven Life is a customer-centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Haven Life is a customer centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Our content is created for educational purposes only. Haven Life does not endorse the companies, products, services or strategies discussed here, but we hope they can make your life a little less hard if they are a fit for your situation.
Haven Life is not authorized to give tax, legal or investment advice. This material is not intended to provide, and should not be relied on for tax, legal, or investment advice. Individuals are encouraged to seed advice from their own tax or legal counsel.
Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of Aril 1, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.
Haven Life Plus (Plus) is the marketing name for the Plus rider, which is included as part of the Haven Term policy and offers access to additional services and benefits at no cost or at a discount. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). For more information about Haven Life Plus, please visit: https://havenlife.com/plus
May 25, 2023
There was truly no medical exam for their term life insurance. The customer service was responsive and helpful. The price was comparable to another company with the same terms.
–Bukkyread more at
May 11, 2023
Wonderful company!! I definitely recommend Haven life!! Awesome at finding the best coverage for me! Great coverage that is affordable!! Glad I listened to the recommendation that was given to me about this company
–Blaiseread more at
May 10, 2023
I looked into two other companies. The coverage was comparable but I was most impressed with Haven Life’s customer service. I was also impressed with the pricing tools.
–Danielread more at
Apr 19, 2023
Pros: -Easy online application -Can get coverage immediately after applying online -Pretty seamless process throughout the experience Cons: -Although told I was covered initially after applying online, I was informed that I needed to get physical check up in order to continue the plan. -Although I’m very healthy, my plan price increased 2x after the physical checkup.
–Malcolmread more at
Mar 29, 2023
Applying for life insurance in your 40’s is exhausting!! But at least Haven made it as easy as possible! Everything is efficiently handled through email. Communication is excellent, they give updates all along the way. Scheduling the bloodwork is easy and convenient. Plus, the rate was better than other companies. Easy to sign off on paperwork.
–Shanna LaDelfaread more at